UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 7, 2020
Blox, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada | 000-53565 | 20-8530914 | ||
(State or Other Jurisdiction
of Incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
5th Floor, 1177 Avenue of Americas, New York, NY 10036
(Address of Principal Executive Offices) (Zip Code)
(604)-314-9293
Registrant’s telephone number, including area code
(Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) |
Name
of each exchange on which
registered |
||
Common Shares | BLXX | OTC US |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01: Other Items
The company is pleased to announce its renewed financing terms with Waratah Investments Limited, the significant shareholder of the company, with a signed and agreed letter of intent.
Part of the funds will be used to settle the convertible debenture to the company from PowerUp lending group. The settlement amount as of today stands at USD $92,042.
The additional funds will be used to clear part of the outstanding creditors and investigate the renewals of the license for our Ghana Concessions.
Item 9.01: Financial Statements and Exhibits
99.1 | WIL Blox Funding LOI October 2 2020 |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 7, 2020
Blox, Inc.
/s/ Ronald Renee | |
Ronald Renne | |
Chairman |
2
Exhibit 99.1
WARATAH INVESTEMENTS LTD
BLOX INC
5TH FLOOR
1177 AVENUE OF AMERICAS
NEW YORK
2ND OCTOBER 2020
Attn: Mr R Renne Director/CEO,
ARRANGEMENT FOR FUNDING
This is to further state as per our discussions that Waratah as a significant shareholder and a prime Investor of Blox is willing to fund the company from time to time to meet various financial demands for the effective running of its business as a listed company.
We like to state that all funding shall be on our terms subject to the company’s rules and regulations and the budget submitted by the CEO/Director from time to time for our deliberations which shall be reviewed by Waratah Investments Limited before any possible disbursements thereof.
We shall be doing further consultation to finalize the first tranche of disbursement as against your budgetary allocations in the final quarter of 2020 or thereafter.
Yours faithfully | |
Chief Operating Officer |